Mergers & Acquisitions

Press Release: Follett Acquires Baker & Taylor
April 18, 2016 at 3:05 pm

WESTCHESTER, Ill. — April 18, 2016 — Follett Corporation today announced that it has acquired Baker & Taylor, LLC, the leading distributor of books, video and music products to public libraries and institutions, and a major wholesaler to retailers worldwide. With combined sales of $3.6 billion, the two businesses will offer librarians, patrons, educators and…

Follett Corp. Buys Baker & Taylor
April 18, 2016 at 1:00 am

In a major development in the publishing industry's wholesaling segment, Follett Corp. has acquired Baker & Taylor for an undisclosed price.

Ingram Details New Distribution Structure
April 13, 2016 at 1:00 am

A letter dated April 12 provides a more complete picture of Ingram Content Group’s new operating structure of its distribution business following its purchase of Perseus' distribution arm.

Press Release: New York-Based OR Books Acquires Serif Books
April 12, 2016 at 2:40 pm

NEW YORK — April 11, 2016 — OR Books, an independent publisher based in New York City, is pleased to announce that it has acquired the London-based Serif Books. Serif Books was founded and run by Stephen Hayward, who died in October of last year. The Serif list reflects Stephen's eclectic, cosmopolitan taste. It spans…

Press Release: Follett Acquires Wobo, Inc., BookVolume
April 1, 2016 at 1:44 pm

WESTCHESTER, Ill. — Mar 30, 2016 – Follett Corporation today announced that the company has acquired Wobo, Inc. (formerly Woody's Books, Inc.), a leading service for independent managed campus stores to find and purchase books online in volume. The acquisition includes Wobo, Inc. assets including the BookVolume tool, enabling Follett Wholesale to leverage new technology…

Sale of Perseus, to Hachette and Ingram, Completed
April 1, 2016 at 1:39 pm

The sale of the Perseus Books Group has been completed. It was announced in March that Hachette was acquiring the company's publishing business, while Ingram Content Group was buying Perseus' distribution arm. Ingram, which acquired Perseus' four distribution divisions through the deal — Perseus Distribution, Publishers Group West (PGW,) Consortium, Legato plus its digital asset…

Press Release: Perseus Books Group and Hachette Book Group Announce Major Transaction
March 1, 2016 at 3:32 pm

NEW YORK — March 1, 2016 — The Perseus Books Group and Hachette Book Group announced today that they have entered into a binding commitment to sell Perseus’s publishing business to Hachette. The transaction is expected to close after regulatory approval is received. Michael Pietsch, Hachette Book Group CEO, said, “We’re thrilled to welcome Perseus…

HarperCollins Italia Buys 20lines
February 22, 2016 at 12:40 pm

The Italian division of HarperCollins, HarperCollins Italia, has acquired 20lines, an app for iPhone and Android that allows to people write, read and share short-format stories. The publisher, which announced the news on its Italian website, said 20lines has more than 220,000 registered users, who create more then 15,000 new stories every month.

Amazon Buys 26% in Tatas’ Publishing House Westland
February 12, 2016 at 2:41 pm

Global ecommerce giant Amazon has bought a 26% stake in Westland — a publishing house under Tata Group's Trent — to support the company's expansion globally and enter new business formats. Westland is one of the largest and fastest-growing publishing houses in India, having brought out books of bestselling authors such as Amish, Ashwin Sanghi,…